Mean-Reversion Forex Robot, an AUDJPY EA for MT5 and MT4
Ricochet EA is a mean-reversion robot, and above all it is an AUDJPY EA for MT5. Crosses built on the Australian dollar are its favourite ground, although stocks and the other majors belong to the job too. You attach it, then you pick your risk, and afterwards it does the rest. So no indicator needs configuring and no chart needs reading.
MULTI-PAIR • LOW DRAWDOWN • BEGINNER FRIENDLY!
The Bounce It Is Built For
Sharp dips get bought, while sharp spikes get sold. Both sides follow the direction of the bigger trend, so the robot never fights the main move. Ricochet then rides the bounce back toward fair value. Because the entry sits at the edge of the stretch, the stop stays close and the reward arrives quickly.
Nothing fires on a whim, though. Direction, momentum, strength and the higher timeframe have to agree beforehand, otherwise the robot waits. Once a position opens, first an automatic stop protects it. Then a dynamic trailing stop follows the recovery and banks the profit. Meanwhile a daily profit target can end the session in green.
Inside the AUDJPY EA for MT5
- Adaptive position sizing, either a fixed lot or automatic risk-based sizing that grows with your balance.
- Smart exits, namely a stop loss on every trade, break-even and a dynamic trailing stop.
- Daily profit lock, which therefore stops trading once the day hits its target.
- News filter, namely the native MT5 economic calendar, so no external URLs are involved. On MT4, instead, it reads the faireconomy calendar.
- Session control, so you trade only the sessions you want (Sydney / Tokyo / London / New York).
- Weekend shield, which closes trades before the weekend to avoid gap risk.
- Spread & slippage filter as well, next to a clean on-chart dashboard.
AUDJPY EA for MT5 Results Last Month
Last month it ran on the M1 timeframe from a $200 account. Moreover, every instrument below closed the month in profit, most of them with drawdown well under 15%. Above all, AUDJPY +42%, MUR (NYSE) +40% and HLIT (NAS) +34% led the list.
| Instrument | Return | Net Profit | Trades | Profit Factor | Max Drawdown | Sharpe |
|---|---|---|---|---|---|---|
| AUDJPY | +42.1% | $84 | 40 | 7.02 | 9.0% | 11.06 |
| MUR (NYSE) | +40.2% | $80 | 37 | 3.76 | 10.5% | 39.29 |
| HLIT (NAS) | +33.8% | $68 | 31 | 3.82 | 8.7% | 17.92 |
| EXEL (NAS) | +32.1% | $64 | 30 | 3.79 | 10.4% | 18.76 |
| RYAAY (NAS) | +30.6% | $61 | 25 | 2.49 | 15.0% | 21.87 |
| FAF (NYSE) | +30.0% | $60 | 25 | 4.16 | 9.3% | 27.73 |
| AUDSGD | +27.8% | $56 | 32 | 4.61 | 9.4% | 7.37 |
| CATY (NAS) | +27.3% | $55 | 36 | 2.06 | 14.6% | 30.88 |
| GBPCAD | +22.3% | $45 | 46 | 1.69 | 11.0% | 6.55 |
| AUDUSD | +19.4% | $39 | 32 | 2.29 | 14.9% | 5.68 |
| NZDCHF | +14.8% | $30 | 22 | 3.93 | 5.5% | 4.47 |
| USDCAD | +14.5% | $29 | 37 | 1.56 | 13.4% | 4.28 |
Results come from historical data across the last month. Past performance does not guarantee future results.
Why Traders Pick Ricochet
- Runs on many markets, since one robot stayed profitable across Forex majors and crosses (AUD pairs), plus stocks.
- Low, controlled drawdown, because risk is capped on every trade while a daily profit lock keeps growth steady.
- Truly hands-off, because entry, position sizing, stop, trailing and exit are 100% automated.
- Beginner friendly, with sensible defaults out of the box, so you skip the complex tuning.
- No activation and no license hassle, therefore you buy once and keep it forever, lifetime updates included.
When the Robot Stands Aside
A bounce needs a calm book, so the spread and slippage filter blocks an entry when costs jump. Similarly the news filter steps back around the calendar releases. Session control narrows the day further, because you choose the hours yourself.
Friday closes the loop, since the weekend shield takes the open trades off before the gap. Equally, the daily profit lock ends the session as soon as the target arrives. Then Ricochet waits for the next day without asking anything from you. Of course a VPS keeps that routine alive while you sleep.
Several Charts, One Balance
You do not need multiple accounts, so one funded balance is enough. Instead, attach the robot to several charts and switch Position Sizing to a fixed lot (for example 0.01 per pair). That way each pair keeps a controlled size, while the profits from all of them add up together in the same account. For maximum compounding on a single instrument, rather, run one pair per account in risk-percent mode. Still, do not use risk-percent with many pairs on the same account, since each chart would size on the full balance. Finally, the dashboard on every chart shows what that symbol is doing.
Recommended Setup
- Markets: Forex majors and crosses (AUD pairs), and stocks too.
- Timeframe: M1
- Account: ECN / Raw Spread (low spread), from $200
- VPS: recommended, since it keeps trading uninterrupted 24/5.
Installing the AUDJPY EA for MT5
- After purchase, download the ZIP from your account and unzip it.
- Open your terminal, choose File -> Open Data Folder, then copy the Ricochet EA folder into the Experts folder of the MetaTrader data folder.
- Next, restart the terminal, or right-click the Navigator and choose Refresh.
- Finally, drag Ricochet EA onto a M1 chart, tick Allow Algo Trading, pick your risk in Inputs, and click OK.
Risk warning: Trading forex, CFDs, stocks and crypto involves a high level of risk and may not be suitable for all investors. Past performance does not guarantee future results. Live conditions may differ from historical data. Always try it on a demo account first and never risk money you cannot afford to lose.
One-time purchase, lifetime free updates • Support: Telegram @Temonba
So if you trade on MetaTrader 4, then get Ricochet for MT4. Besides that, you can browse all our Expert Advisors.
